HOW TO CALCULATE AND SET STOP LOSS IN FUTURE TRADING :
During volatility and in a strong upward/downward movement it’s a good idea to place the stops above/below general retracements areas. setting a stop-loss is a highly individual thing. There isn’t the best place to put stops that will fit everyone. but here are some methods to calculate it
Stop loss: To calculate the stop loss, you need to know the entry price of the position, the amount you're willing to risk, and the leverage you're using.
Here's the formula: (Entry Price - Stop Loss Price) x Position Size x Leverage = Potential Loss.
likewise,
- Take profit: To calculate your take profit, you need to know the entry price, the profit target, and the leverage.
Here's the formula: (Take Profit Price - Entry Price) x Position Size x Leverage = Potential Profit.
By using a VPVR indicator trading strategy we can calculate the stop loss like professionals. In the upcoming post I will clearly explain about it.
I hope this post is useful for new traders.
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